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FOX News
Nov 17, 2012 11:00am PST
>> this week on the journal, editorial report, president obama's fuzzy math. he says closing the loophole isn't enough and that the tax rates must go up for top earners. does he really want to avoid the coming tax cliff? plus, the petraeus scandal further muddies the benghazi probe. was the account of this in any way related to his affair. and the u.s. on track to be be the largest oil producer, but will the obama administration let it happen or turn an oil boom into a bust? welcome to the journal editorial report, i'm paul gigot. headed into friday, fiscal cliff talks with congressional leaders, president obama gave us a hit list of his negotiations strategies, repeating his intention to immediately raise tax rates on top earners. >> when it comes to the top 2%, what i'm not going to do is to extend further a tax cut for folks who don't need it which would cost close to a trillion dollars and it's very difficult to see how you make up that trillion dollars if we're serious about deficit reduction, just by closing loopholes and deductions. the math tends not to work. >> paul:
CSPAN
Nov 8, 2012 12:00pm EST
of the president. >> caller: i'm passionate for the country. i don't care who obama our romney is. i want somebody that will help the american people to progress. i want to see america -- >> host: you want compromise? >> caller: i want compromise, yes. but i'm going to tell you this, and make no mistake about it, we have people in this country that have completely destroyed rather than try to compromise and try to bring the government to some sort of conclusion where everybody will benefit. some people in this country feel as though other people should not exist or have any benefit and they would do everything possible, spend all their money, disrupt the government and do whatever they can to prevent other people from having a happy life. >> host: let me ask you this. do you think that president obama should govern as if he has a mandate? how far should he pushed, should he be aggressive? >> caller: he has to be aggressive because if he doesn't -- >> host: is that compromise though? >> caller: you can be aggressive and still compromise. let me say this, the congress is the tea party for and if oba
FOX News
Nov 7, 2012 8:00am PST
is reelected president. we now know barack obama will continue for a second term. take a look at the market today, you see them down more than 2.2%. at the lowest point which is right about where we are right now, down 300 points on the dow. this is the lowest we've seen the market as far as a sell off in one day since june. a lot can happen in the next couple of hours in trading, you can see a turn around. what investors are saying right now is there is a big concern about that fiscal cliff. there is a big concern about a recession in europe, and a big concern overall about the health of the u.s. economy. of the stocks that are actually up today, and there are a few, they are related to healthcare and providing healthcare facilities, because of the healthcare law that is going into effect. so we'll keep an eye on the markets and everything that is happening now. we have brand-new stories and breaking news this hour. jon: develop shrink deeper into president obama's historic victory. what fox news exit polls tell bus the make up of today's american voters, plus now they are stuck together,
FOX
Nov 7, 2012 7:00am PST
th. this morning, the state of florida remains too close to call but president obama has more than the 270 electoral votes needed to win re- election. the race was called after the president captured several battleground states including ohio, colorado, wisconsin and iowa. [ cheers ] >> thousands of supporters cheered as the president, first lady and their two daughters emerged at the victory party. >> while our road has been hard, while our journey has been long, we have picked ourselves up. we have fought our way back and we know in our hearts that for the united states of america the best is yet to come. >> president obama and his family spent the in chicago. >>> mitt romney made his concession speech just after midnight. romney said he and paul ryan gave everything they had to the campaign. >> i so wish i had been able to fulfill the hopes to lead the country in a different direction. so ann and i ask to you pray for the -- ask you to pray for the nation. >>> 7:03. governor jerry brown is claiming an historic victory for the first time in eight years. california voters have app
CSPAN
Nov 21, 2012 9:00am EST
that obama won because it gives to latinos and other minorities, that's insulting. latinas didn't vote for obama because obamacare. i think he is engaging obama in the same type of class warfare discussion that obama wants to have. i think we have to go back to the conservative populism of ronald reagan, which is to talk about the economy. but i would say something is. romney only emphasized -- very quickly. we cannot run only on an economic message. we have the full conservatives on social issues, on the national security, and on the economy. spent and aspirational. aspirational a mechanism where you are free to go as far as you want to go and to do what you want to do. and you are right about the hispanic community, especially they are very and trunk -- entrepreneurial. guess what. they start liking free government less. >> unfortunately, we're out of time to want to thank you all for coming today. please join me in thanking our panelists for this terrific presentation. [applause] [inaudible conversations] >> tonight in primetime we get a closer look at the presidential election. we
CSPAN
Nov 8, 2012 1:00pm EST
who says that barack obama is really a conservative. he says the rebel guns are radical and obama is really a conservative in terms of the things he advocates. i would say there is a conflict that is going to be exacerbated, and there will be a lot of tension between two things. one is the biggest influence of the tea party and their supporters has come from defeating republican incumbents in the republican primaries. for example, this year, richard lugar was defeated by mourdock in indiana. if richard lugar had been read- nominated by the republicans, that race would have totally disappeared. there would be no news stories about it, it would have totally disappeared. instead, a person was nominated who was -- who defeated lugar was a key party person who said his idea of compromise was the democrats coming over to his point of view. in missouri, i have to admit clear macaskill is a very clever politician, and she did spend $2 million of her own money to get todd akin the republican nomination. if what used to be called the republican establishment was more on their toes, they wou
CSPAN
Nov 28, 2012 7:30am EST
real limiting. when you look at barack obama's first meeting with angela merkel in london when the global economy was on fire is interesting. she laid down the gauntlet. we are not going to play by your rules. we are not going to spend like you are telling us to do. it has been interesting as a superpower to look at all limits we have even influencing a nation like germany. and yet brussels i asked to you think america has the same growth we once had that could influence the international system? i would love to see how you see the challenges ahead in at geostrategic context? >> i think a strong economy is critical to u.s. national security, strong military. in this post financial crisis era, economics and finance are every bit as important as traditional diplomatic and military levels of policy. using the word throw away, a measure of how much nuclear megatonnage could be delivered, i think we have moved from an era where the measure of the nation's strength or vulnerability to an era where sovereign interest rates were a measure of strength or vulnerability so the move from t
MSNBC
Nov 7, 2012 2:00pm EST
the bailout. 75% of those people said they voted for president obama. i think it was very, very large. even the republican analysts looking at the vote today, one of the things they have pointed to are some of the smaller counties, particularly up in the northwest part of the state. you know, where romney first raised this issue about ten days out from the election about whether jeep was moving to china. those areas, they underperformed compared to what they had done in 2004 when they won, particularly by doing very, very well again in some of the smaller counties around the state and the ones where they didn't do as well, counties with a significant auto industry presence. >> right. i'm curious, joe, in the last hours or days i should say that ad of the romney team saying jobs shipped to china, the president along the stump made a comment about revenge and some people including romney and ryan tried to say to people, this is about the love of country, not about revenge, but i couldn't help but to wnder about the people, the men and women in the state who have a job as a result of the auto
MSNBC
Nov 7, 2012 11:00am PST
and predicted obama to win and took the hate ma-il for it. i like to live in reality and look at the numbers and not open what the truth oreais. >> too old, t first read said was a demograph time bomb that had been ticking and that blew up in the gop faces. let's look at some of the key groups, maria teresa. african-americans, 93%. we knew that. latinos, 71%. we knew they were siding with the president but it was a question of would they turn out. they upped the number this time around. unmarried women, 67%. folks, between or under the age of 30, 60% of the vote. there you have it. that is the coalition that was put together for the president. >> welcome to the new majority, gop. this is the new majority. single women, african-americans, latinos and asians broke for the president and we are talking about even in states like ohio where the latino vote is 2%, all of a sudden they started to swing that election, as well. in virginia, as well. what we're talking about now is how's the gop going to regroup? they need to basically say, what kind of party do we want? the sunsetting party. >> we kne
MSNBC
Nov 8, 2012 12:00pm PST
here. >> "the cycle" has arresting television today. >> plus the obama mandate. the president campaigned on tax hikes for the rich, and he won. why haven't republicans gotten the message? here this loud and clear. "the cycle" starts right now. >>> welcome to "the cycle." it's nice to be back here at the table. now that the elections are over, will washington do anything or will the town always on break continue to object structure, politicize and, of course, our favorite phrase kick that can down the road? the new washington is basically the same z the one before the election. the president is still obama, the senate is still solidly democratic and the house is republican, albeit by a small erma jort. three people in charge had this to say after the election. >> tonight you voted for action, not politics as usual. >> mr. president, this is your moment. we're ready to be led. not as democrats or republicans but americans. >> it's better to dance than to fight. it's better to work together. everything doesn't have to be a fight. >> i am looking forward to reaching out and workin
MSNBC
Nov 7, 2012 6:00pm PST
to dean heller. it stays with him. and while president obama carried 28 states last time, he carried 26 or 27 states this time, depending on how florida goes. that means republicans did lose everything else, but got back indiana and also north carolina. so it was not a totally hopeless night for republicans. also, hey, remember the crazy thaddeus mccotter seat in michigan, where thaddeus mccotter screwed up and they had to run this reindeer herder, santa claus impersonator for the seat, a guy whose own brother says he's crazy. that guy won. the shirtless reindeer guy won. so the republicans have him. big picture in the house, thanks mostly to redistricting the republicans were not in danger of losing the house, and they didn't legal cause it, even though the republican majority appears to have shrunk there. and even though they did get the reindeer guy. but in terms of, honestly, of what went well for republicans in this election, that was pretty much it. it is a short list. want to talk about what went well on the other side last night? i'm actually going to pause for a second to give
FOX News
Nov 29, 2012 6:00am PST
might be stuck. a senior administration official told us that president obama and john boehner had a phone wallace night and politico was reporting that the phone call was curt. they said on the call john boehner told the president to leave the tax cuts for the rich alone. the president says he doesn't want to do that. he's going to stick with his plan to raise $1.6 billion in revenue and if republicans have something better they should be specific now. eric cantor said republicans are already going further than they did in the same spot in 2010. >> we have done our part. we have put revenues on the table, something we didn't do two years ago during the debt ceiling negotiations. >> we've seen some positive developments in the last several weeks, in terms of what republicans have been saying about the need for revenue as part of a balanced package. the president will continue to make the case that that is essential. >> reporter: so both sides saying revenue is on the table, now the fight is obviously to figure out where it's going to come from, how the government is going to make m
MSNBC
Nov 13, 2012 6:00pm EST
let us wait. let big bill wait. see how the second obama term starts off. learn how the country's doing. watch, listen, enjoy life in this country. you have four years traveling the world. kick back and enjoy this country. i wish her well. that's "hardball" for now. thanks for being with us. "politicsnation" with al sharpton starts right now. >>> thanks, chris. and thanks to you for tuning in. tonight's lead -- seven days later, and paul ryan still can't handle the truth. one week after president obama crushed the gop, congressman paul ryan returned to his day job on capitol hill today, carrying his own bags, like much of the republican party, he still seems dazed about the national rejection he took. and in an interview he told a local tv station what it felt like to lose. >> what it had become clear to us as things went on, in avirginia and ohio weren't coming together, that it looked to me some time early in the evening that it just wasn't going to happen. >> and what did that feel like for you? what -- >> it was very disappointing. we had good days, bad days. it was a great
CSPAN
Nov 3, 2012 7:00am EDT
around the country. "washington journal" is next. ♪ host: president obama travels to buy ohi-- to ohio. mitt romney makes stops in hampshire, iowa and colorado. in colorado he will be joined by his wife. that is at the fallen for the 5 tonight on c-span and c-span radio. you can go to c-span.org for details hid for the next 45 minutes we are looking at a key house and senate races. e seats a 45th stat likely democrat. we will take a look of those the little. we love to hear from you about the house and senate elections in your state. how you plan to vote, tell us why. 202-585-3880 -- democrats. 202-585-3881 -- republicans. 202-585-3882 -- in the 10th independents. you can send us a tweet @cspanwj. you can send us an e-mail at cspan@journal.org. or reach us on facebook -- facebook.com/cspan. here is a map. 46 democrats as far as the seats are concerned. a 43 seats now in a lot for republicans. any good to the top of states, they look at 11 toss ups. in ohio, virginia, wisconsin, those for some of t these dates toss ups. again, if you want to give us a little in the foot of the house an
MSNBC
Nov 13, 2012 3:00pm PST
's lead -- seven days later, and paul ryan still can't handle the truth. one week after president obama crushed the gop, congressman paul ryan returned to his day job on capitol hill today, carrying his own bags, like much of the republican party, he still seems dazed about the national rejection he took. and in an interview he told a local tv station what it felt like to lose. >> what it had become clear to us as things went on, in avirginia and ohio weren't coming together, that it looked to me some time early in the evening that it just wasn't going to happen. >> and what did that feel like for you? what -- >> it was very disappointing. we had good days, bad days. it was a great experience. i'm very fortunate to have had this experience, but losing never feels good. >> no, losing doesn't feel good. but not learning the lessons of that loss isn't good either. at his core this election was about fairness, giving, everyone a fair shot. congressman ryan doesn't -- he doesn't get it. >> was this a referendum on your budget plan, do you think? >> i don't think we lost it on those budget is
FOX News
Nov 9, 2012 3:00am PST
tallied. and yesterday afternoon, president obama had 49.9 percent. and mitt romney it 49.percent. results are due by noon tomorrow. >> we know all about michele obama's war on junk food but apparently her husband didn't get the memo. washington group called on president obama to stop eating fatty foods in public. the president is glamorizing eating junk food. and the group said all of the stops on the campaign trail and the president must kick the habit. >> we were growing up with popeye. >> steve: we don't eat spinach but just eat at pop eyes. maybe he eats it because he likes it. >> brian: popeye comes with added stress . you break out before you eat the meal . >> steve: thank you very much pop eye. five-days before the u.s. election . anything is happening and waiting for an october surprise and this probably would have been it if we had known about it one of our predator drones was fired upon by a couple of iranian fighter planes. they squeezed off two volleys of machine depun fire. first time iran has shot at our aircraft . but it is clearly an act of war. they were asked about it ye
FOX News
Nov 30, 2012 6:00am PST
. it is chile, right? martha: turkey chile. bill: president obama hosting governor mitt romney for a private lunch at white house. this is the photo released by the white house, shaking hands at the oval house. they had a lunch, hour long, no media or press cameras. press press was asked about it. listen here. melissa: nothing is preventing you from speaking with governor romney about it. well, that is obviously up to former governor romney to decide whether he wants to have a conversation with you. and, you're welcome, when the president, next appears before you to ask him about it. we will provide a readout. but we didn't, i think they wanted to have, each man wanted to have a private conversation. they didn't want to turn it into a press event. bill: we hear that governor romney congratulated the president on his campaign and wished himself. they promised to stay in contact if there are opportunities to work on shared interest. don't hold your breath. martha: a new government report out shows americans cut back on their spending last month and saw no growth in their incomes. the commerce
CNBC
Nov 30, 2012 6:00am EST
president obama's proposal which includes a $1.6 trillion tax increase, a $50 billion economic stimulus package and new power to increase the debt ceiling without congressional approval. the offer featured higher tax rates for households making over $250,000 a year. a one year postponement of the sequester and about $400 billion in savings over ten years for medicare and other entitlement programs. >> despite the claims that the president supports a -- >> thousand is the time fnow is republicans to move past the happy talk about revenues, ill defined, of course, and put specifics on the table. the president has made his proposal. we need a proposal from them. >> today president obama is taking his pitch on the road. he will be visiting the philadelphia suburbs employing campaign style tactics in hopes of mobilizing the public to his side. he'll be speaking at a manufacturing facility arguing that businesses it depend on middle class consumers over the holiday season. despite all this, you see the futures today indicating higher. dow up by about 35. does that surprise you guys? >> no, i
FOX News
Nov 27, 2012 3:00am PST
between ambassador rice and her staunchest critics on capitol hill. after his reelection president obama took exception to republican senators critical of rice saying if they want to come after anyone they should come after me. >> gretchen: we remember that. why is no one talking about susan rice, she went out on the talk shows and got the talking points from the white house and said what they wanted her to say. >> brian: she said the intelligence. >> gretchen: that's why she would be secretary of state. she did what she was asked to do and did it well and it worked with the electorate you could argue and now she will be secretary of state. what is going to stop it? >> steve: not necessarily. senate aides. administration is having her sell herself up on capitol hill today and what she is doing, she is appealing to the moderates, in particular republicans from georgia and tennessee. they are trying to figure out whether or not she can win the moderates over and avoid an embarrassment. >> brian: she played it definitely. senator mccane doesn't believe it. she didn't attack john mccain and
FOX News
Nov 27, 2012 6:00am PST
-election, president obama took exception to republican senators critical of rice saying, quote if they want to come after anyone, they should come after him, after me. bill: he said it with force. kelly, thank you. waiting on the meeting in washington. martha: ambassador rice, reportedly as we were saying one of the top candidates to replace secretary of state hillary clinton and the president seemed to lay down the gauntlet to senators mccain and graham if the first news confriends after the election. kelly referred to this moment. let's look at it from november the 14th. >> if senator mccain and senator graham and others want to go after somebody, they should go after me. martha: that is really the feistiest moment of that news conference. the president, who you see here, with ambassador susan rice and former president bill clinton and others they are described as close and president obama made it clear that republican opposition from will not keep him from nominating her for second irat that of state if that is what he decides to do. so we will see. big moment coming up in 26 minutes from now on
CNBC
Nov 29, 2012 6:00am EST
people. >> did you see this, obama is flexible on highest tax rates. >> administration official. white house officials later signaled that. he didn't signal it in anything he said. >> i spoke to a couple who were at the meeting yesterday, some of the executives, who felt, and this is like the implied feeling that he was now more willing to deal on the highest rate. >> did you hear anything about spending cuts or entitlement reform? >> two conversations are taking place. one if the public trying to get them behind you. the other is whether you're actually saying to the people you're negotiating with. and when you saw the signal, it was like, okay, maybe they'll get to that, i don't know, 37% or 500,000 or something. what we had been talking about two weeks ago. maybe that's where they're headed. stocks did gain ground on optimism around the idea that we could reach some sort of a deal to overt the fiscal cliff. the dow closing more than 100 points higher after being down by more than that during the session. a swing like that hasn't happened since october 2011. u.s. equity futures at th
CSPAN
Nov 26, 2012 12:00pm EST
obama to be more clear and forceful in the things he cared about and less inconsistent? they wanted to see structure. part of confucianism is the king is the king, the minister is the minister, the father is the father, the son is the son, and many have government. and have everyone in his or her place. within the region and the world. as china looks at it since of harmony, japan would be -- how you achieve it, their frustration is the world is not just acquiescing to the notion they are a rich country, that there are returning, that there are powerful and what respect. they want this to the world kind of step back and give it greater latitude. but doesn't -- this is what i think i personally think we're on a collision course. when you look at what china's expectations of the world are, you also look at its paranoia and mercantilism. jim, you're such an expert in cyber. i would like to see what is going on in the cyberworld. it seems hard to me, despite our best efforts in not wanting to replace history, that the rise of a great power usually and often used to conflict. -- leads to
FOX News
Nov 30, 2012 3:00am PST
carlson. i hope you have a fantastic weekend. it is it a compromise. is it ready though. obama style. the president makes an offer to avoid the fiscal cliff. lso where are the cuts? we are live in washington with the details. look at that guy. a construction worker walks in a convenience store checks his number and walks out perhaps a multimillionaire. we'll tell it to you straight away. >> officer and a gentleman. you will hear from the cop who spent his hard earned cash to buy a pair of socks and shoes. he pet them on him. "fox and friends" starts right now. ♪ ♪ ho, ho hompt >> indeed. rick it is not christmas time here in new york city until rick descends down one of the tallest buildings in connecticut and there he is. screen left from last year screen right. when he bumped into the building. good morning to you rick. >> some traditions like fruit cake that shouldn't happen . maybe it is one of those tradition. you do it once and this is a building here. give you a shot from the top going down. it gets a little dark there. it gives you an individual. tan ford downtown height
CSPAN
Nov 13, 2012 8:00pm EST
with president obama to move america forward. of the 200 democratic members we welcome 61 women, we welcome 43 african-american's, 26 hispanics, 11 asian-americans and others. that is what our ranks look like. the diversity of our caucus celebrate the strength of our nation. this caucus is a picture of america. all of our democratic colleagues will play a critical role in support of president obama. each of them come here as an independent representative of his or her district. i tell them all the time -- your job description in your job title are one in the same -- representative. we need the diversity of your thinking to strengthen our policy. we will work with the president to grow the economy, shrinking the knowledge class, which strengthened the middle class, and they have come just in time to do that. house democrats are ready to work with the president, our senate colleagues across the aisle for certainty for our economy and middle-class. with our newly elected members and the democratic caucus we will work to reignite the american dream. to build opportunity for people who work hard, p
CSPAN
Nov 18, 2012 7:00am EST
it means for u.s. and china relations and a preview of president obama's trip to cambodia, thailand. your e-mails are live, next. of >> good morning.. the u.s. capitol after returning to washington for three days congress is out for the thanksgiving hall day, but back next week to work on the so-called fiscal cliff. the president in thailand. first stop in a three nation southeast asian tour and as part of the debate over the debt and government programs include social security, medicare and medicaid. aarp saying social security and medicare should not be cut as part of the debate over the 16 trillion over all debt. we'll get your thoughts our phone lines are open at (202) 737-0001 and (202) 737-0002 for republicans if you're an independent. (202) 628-0205, 3382 i'm sorry. headlines on this sunday morning. flames of rage. israel shoots down hamas missiles and we'll have more on this late in the program and the calculating the cliff. cover of cq weekly. republicans are talking about higher taxes as the president presses issue. and then there's this story from the "washington post". h
CNBC
Nov 30, 2012 1:00pm EST
, how are traders down here investing -- reacting to mr. obama and mr. boehner? >> it depends on what the headlines are. so the president said the clear majority voted for a balanced approach. but there's a lot of debate about what that means. representative boehner i thought was much more into fighting words over there. listen to what he said. increasing the tax rates is the wrong approach to take. he said there was a stalemate in the talks with the white house. look at the dow industrials. we did move down around 25, 30 points as his comments came out. he said we're almost nowhere in the talks. sitting right near the lows for the day. if you look at the overall sectors that are moving today, pretty much balanced on either side. pretty much even on the balance-decline line. worries about higher taxes on dividend paying stocks seem to be -- >> lows for the day but not violent downstrokes here. >> i think the problem is we'll have trouble moving into positive territory at the close. a lot of concerns about headline risks over the weekend. we could be down 10, 15 on the s&p monday morni
FOX News
Nov 28, 2012 8:00am PST
president obama at the white house. the presidential campaign is over as you know but the theatrics apparently are not. the president is holding an event to put political pressure on republicans as both sides negotiate a deal to try to avoid the coming fiscal cliff. our chief white house correspondent ed henry is live at the white house. so what are we expecting from the president today, ed? >> reporter: jon he is going to meet with business leaders as you say later this hour. he will come out and talk about where he believes these fiscal cliff talks are. you remember on friday he will be in pennsylvania for essentially a campaign-style event to try and pressure republicans to move forward in these talks. the white house also has this new twitter campaign they unveiled today, the hashtag, my 2 k, as in $2000 believes middle class families will get if the president's push to extend bush-era tax cuts for the middle class to continue. republicans have been saying that is all about campaigning. jay carney, the white house spokesman says it is about engaging the public. take a listen. >>
CSPAN
Nov 14, 2012 12:00pm EST
two gentlemen, rahm emanuel in the house and barack obama in the senate decided to vote for an amendment to the immigration bills that actually help the union. they were backed by the unions, and they decided that they would poison the well by voting for those amendments that killed immigration reform. nobody talks about that in the immediate, but it was liberal labor unions and those barack obama in the senate who decided to poison the well. he did it again this time, and i think as republicans we have to be smarter than we have been on this issue in the past. we have to look past the easy of the other side and find a rational solution to immigrati immigration. >> i find common ground with that analysis, raul, and i think also that marco rubio has done a very good job of articulating some of the things that emerged from this white house, and not, not, i don't know that you can, you can make a very strong case that republicans have been hostile on this dialog so much as it has been the president's leadership that's divided people in a whole number of different categories
CBS
Nov 4, 2012 7:00pm PST
to achieve is for president obama to be a one-term president." and that's what's happened this last year and a half. >> mcconnell: compromise is sometimes very difficult. my 47 members of the senate have very different views from harry and his colleagues about how much government we ought to have, how much taxation we ought to have, how much regulation we ought to have. it is not easy to reach agreement when you have very different views, steve, of the direction the country ought to take. >> kroft: truth be told, neither party's done much to resolve their differences, and have used every parliamentary trick in the book to obstruct each other's agenda. as minority party in the senate, the republican's favorite tool is the filibuster, a tactic older than this frank capra movie from the 1930s. >> half of official washington is here to see democracy's finest show, the filibuster, the right to talk your head off. >> kroft: by holding forth on the senate floor for days on end, the minority can delay or block bills that have support of the majority. >> great principles don't get lost once they
CNBC
Nov 27, 2012 6:00am EST
its thanksgiving break today. the senate was back yesterday. meantime today president obama will be meeting with small business leaders. at issue of course is the series of tax increases and spending cuts that kick in at the end of the year if congress doesn't act. >> there will come a point in time where we can't borrow anymore money and interest rates will sky rocket. >> cnbc's raise above campaign continues. we're asking who has the courage to rise above partisan politics and find a solution. among our guests, three men who understand washington, wall street and corporate america very well. we have the chairman of president george w. bush's council of economic adviser, ed lazear, roger altman, and real estate tycoon don peebles. but let's cover this morning's top headlines. >>> we do have a lot in the corporate headlines this morning including equity residential and avalon bay communities agreeing to buy archstone from lehman brothers holdings. the price tag, about $6.5 billion in cash and stock. the deal gives lehman cash to help pay its creditors as it liquidates. but i
CNBC
Nov 27, 2012 9:00am EST
for years and believes the speaker wants to make a deal with president obama to avoid the fiscal cliff, but he's seen washington's dysfunction and has his doubts. >> he's somewhat just like the president. it's time to do ahead and do your job. >> speaker boehner is secure enough in his own district that his constituents will give him a free hand to negotiate. his bigger challenge is pulling together republicans from districts across the country behind any deal he ultimately strikes with president obama. >> carl, that's not just john boehner's job. it's also the job of eric cantor, the majority leader the on the democratic seed, harry reid and chuck schumer have to pull their flock behind any potential deal struck. that's not easy getting 60 votes the in the senate and the majority of the house. >> rangling cats on both sides, john. the president meeting with business executives at the white house, going to pennsylvania this week to visit a small business. all theater, or is there something bigger going on? >> he's trying to put pressure on the congress and generate more stakeholders. h
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